Visa Inc. (NYSE:V) Shares Bought by Country Club Bank GFN

Country Club Bank GFN raised its holdings in Visa Inc. (NYSE:VFree Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,875 shares of the credit-card processor’s stock after acquiring an additional 159 shares during the period. Country Club Bank GFN’s holdings in Visa were worth $3,873,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. BCK Partners Inc. purchased a new position in Visa in the 1st quarter valued at about $2,717,000. Markel Corp boosted its position in Visa by 0.3% in the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after buying an additional 3,065 shares during the last quarter. AMI Investment Management Inc. purchased a new position in Visa in the 1st quarter valued at about $2,323,000. Ergoteles LLC purchased a new position in Visa in the 1st quarter valued at about $538,000. Finally, XTX Topco Ltd purchased a new position in Visa in the 1st quarter valued at about $1,496,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,511 shares of company stock valued at $15,131,081. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of a number of analyst reports. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Raymond James upped their price objective on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Jefferies Financial Group increased their price target on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Wells Fargo & Company lifted their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada lifted their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $295.82.

Check Out Our Latest Analysis on Visa

Visa Stock Performance

Shares of NYSE V opened at $278.55 on Wednesday. The firm’s 50-day moving average price is $279.62 and its two-hundred day moving average price is $259.44. The stock has a market capitalization of $511.56 billion, a P/E ratio of 32.05, a P/E/G ratio of 1.92 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.18 earnings per share. As a group, sell-side analysts forecast that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Visa Profile

(Free Report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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